Latest Department of Public Enterprises News & Updates

Ministry of Steel Grants MECON Limited Miniratna Category-I Status

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New Delhi, July 1 (IANS) The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profits in the last three years, according to an official statement issued on Wednesday.The company recorded a profit before tax (PBT) of Rs 77.62 crore in FY 2023-24 (restated), Rs 32.08 crore in FY 2024-25 and Rs 104.53 crore in …

Department of Public Enterprises Introduces Sports as Common CSR Theme for CPSEs

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New Delhi, June 20 (IANS) The Department of Public Enterprises (DPE) has, for the first time, notified ‘Development of Sporting Activities’ as a common Corporate Social Responsibility (CSR) theme for Central Public Sector Enterprises (CPSEs), a move expected to channel greater institutional funding towards sports development across the country.The decision, notified through an Office Memorandum, marks a significant evolution in the DPE’s thematic framework for guiding CSR expenditure by CPSEs to…

GRSE Declared Navratna by Indian Government

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Kolkata, June 19 (IANS) Garden Reach Shipbuilders and Engineers (GRSE) Ltd has been declared a Navratna by the Government of India, the Department of Public Enterprises announced in a post on Friday. The shipyard, which is a Defence Public Sector Undertaking (DPSU), has built and delivered a record 118 warships to the Indian Navy and Indian Coast Guard over the last 65 years.As many as 80 have gone to the Navy. The latest among these are the INS Dunagiri, INS Sanshodhak and INS Agray, which were…

Cabinet Committee Approves Increased Investment Limit for POWERGRID

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New Delhi, Feb 24 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved enhanced delegation to Power Grid Corporation of India Limited (POWERGRID), enhancing the permissible equity investment limit of the company from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary — while retaining the existing cap of 15 per cent of the company’s net worth.The approval came under the extant guidelines dated …